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13 Critical Small Business Legal Requirements to Start a Business

Up and Running

Partnership – Formed by two or more owners in agreement on how to start, manage and operate a business. Limited liability company (LLC) – A structure that combines the characteristics of both corporations and partnerships. It can even be part of the company organization and management team section of your business plan.

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How To Start Your Own Small Business In 7 Easy Steps

YoungUpstarts

If you have already been employed in the industry you want to open your business in, then you should consider the gaps in your knowledge and perhaps develop your skills in leadership and management. You can either create a small business that is a corporation, a limited liability company (LLC), or a sole proprietorship.

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Keep It Clean: Mixing Business And Personal Finance

YoungUpstarts

by Tony Smith, Managing Director at Company Debt. However, as the business thrives and grows, drawing a line between personal and business finances is vital to stay on the right side of the law and to make sure that the IRS gets its share of those profits. Consider a Limited Liability Company (LTD).

Finance 147
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Why Entrepreneurs Must Learn to Love Paperwork  

The Startup Magazine

There will be plenty of it early and often during your entrepreneurial journey, but rather than look at it as a headache you should consider the many ways in which it will help protect you, your family, and the company as a whole. Personal asset liability protection is not ironclad.

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How to Separate Your Small Business and Personal Finances

Up and Running

One way to keep things clean and simple from the start is to separate your business finances and personal finances early on. . Why bother splitting your business and personal finances? First and foremost, splitting your business and personal finances will make things far easier come tax season.

Finance 103
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Vlad Rigenco’s Tips for Launching a Successful Startup

The Startup Magazine

Your options for financing a startup company include crowdfunding, small business loans and grants, angel investors, and traditional bank financing. You may want to choose from sole proprietorships, partnerships, limited liability companies, or corporations. Decide on an Accounting System.

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5 Tips For Running A Successful Paid Parking Business

YoungUpstarts

A legal business entity, such as a limited liability company (LLC) or corporation, protects your personal liability for business debts or lawsuits. Insurance is essential for securing your parking business’s finances. Outsourcing your parking management is an excellent method for improving services.